Resignation of director
This query is : Resolved
18 February 2017
Dear Experts,
Kindly advice on the following matter.
1. A person is holding 2500 Shares in a company and also a subscriber to memorandum. He is also director, now he wants to retire from the directorship. Kindly advise
a) can he do so?
b) What is the procedure for doing the same ?
c) Can he first Resign from directorship and latter transfer the 2500 shares in the name of another director?
d) What is the procedure for transfer of those 2500 shares in the name of another director?
e ) What are the required documents to effect above-mentioned changes
Kindly advise on the above on urgent basis.
Kindly advice on the following matter.
1. A person is holding 2500 Shares in a company and also a subscriber to memorandum. He is also director, now he wants to retire from the directorship. Kindly advise
a) can he do so?
b) What is the procedure for doing the same ?
c) Can he first Resign from directorship and latter transfer the 2500 shares in the name of another director?
d) What is the procedure for transfer of those 2500 shares in the name of another director?
e ) What are the required documents to effect above-mentioned changes
Kindly advise on the above on urgent basis.
18 February 2017
a) yes.
b) to send resignation letter to the company. to e-file for DIR-11
c) can be either way if AOA doesn't prescribe share qualification for Director.
d) to execute transfer if form SH-4
e) apart from the above company has to e-file form DIR-12.
b) to send resignation letter to the company. to e-file for DIR-11
c) can be either way if AOA doesn't prescribe share qualification for Director.
d) to execute transfer if form SH-4
e) apart from the above company has to e-file form DIR-12.
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